Friday is a quiet day as far as reports are concerned, but USDA's Cattle On-Feed report for April 1 will be released at 2 p.m. CDT. Traders will watch for a possible export sale announcement at 8 a.m. CDT, check the latest weather forecasts and keep an eye out for any news regarding Ukraine.
Weather
A storm system in the Rockies will eventually move out into the Plains late on Friday. Ahead of its arrival, showers moving across the Upper Midwest will spread northeast while additional strong to severe storms will be possible this afternoon and evening across the western Plains. That includes the driest areas of wheat country, but showers should be spotty until they get into the eastern Plains overnight. Winds are also increasing and will be quite strong in the Plains, reducing soil moisture further. Temperatures are also on the increase in these areas, which will only increase soil moisture losses.